Obama praises Senate agreement to avert 'fiscal cliff'

US President Barack Obama. Credit: Reuters

President Barack Obama has praised the US Senate after it passed a bill to avert the 'fiscal cliff', by delaying spending cuts for two months.

He also called on the House of Representatives to pass the deal without delay.

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Obama hails US budget deal

Barack Obama has hailed a deal to avoid a "fiscal cliff" of stark tax hikes and spending cuts. The US House of Representatives backed the bill by 257 votes to 167.